The global market for Automated Suturing Devices was estimated at US$698.7 Million in 2023, and is projected to reach US$970.5 Million by 2030, growing at a CAGR of 4.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the automated suturing devices market is driven by several factors, including the increasing demand for minimally invasive surgeries, technological advancements in surgical equipment, and heightened healthcare standards that demand high-quality surgical outcomes. The shift towards less invasive surgical techniques is a major driver, as these procedures typically result in quicker recovery times, less pain, and reduced scarring for patients, thereby increasing the demand for devices that can efficiently perform suturing in tight and hard-to-reach areas. Additionally, the ongoing developments in medical robotics are significantly contributing to the market growth. As robotic surgeries become more prevalent, the integration of automated suturing devices with these platforms enhances their utility and effectiveness. Another factor propelling market growth is the growing global health awareness and the expansion of healthcare infrastructure across emerging economies, where there is increasing access to advanced surgical methods. This, combined with the rising number of surgical procedures worldwide, underscores the expanding role of automated suturing devices in modern medicine.
The growth in the automated suturing devices market is driven by several factors, including the increasing demand for minimally invasive surgeries, technological advancements in surgical equipment, and heightened healthcare standards that demand high-quality surgical outcomes. The shift towards less invasive surgical techniques is a major driver, as these procedures typically result in quicker recovery times, less pain, and reduced scarring for patients, thereby increasing the demand for devices that can efficiently perform suturing in tight and hard-to-reach areas. Additionally, the ongoing developments in medical robotics are significantly contributing to the market growth. As robotic surgeries become more prevalent, the integration of automated suturing devices with these platforms enhances their utility and effectiveness. Another factor propelling market growth is the growing global health awareness and the expansion of healthcare infrastructure across emerging economies, where there is increasing access to advanced surgical methods. This, combined with the rising number of surgical procedures worldwide, underscores the expanding role of automated suturing devices in modern medicine.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Reusable Devices segment, which is expected to reach US$569.2 Million by 2030 with a CAGR of a 5.2%. The Disposable Devices segment is also set to grow at 4.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $190.4 Million in 2023, and China, forecasted to grow at an impressive 7.9% CAGR to reach $200.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automated Suturing Devices Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automated Suturing Devices Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automated Suturing Devices Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Apollo Endosurgery, Inc., Boston Scientific Corporation, Healthium Medtech, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- Apollo Endosurgery, Inc.
- Boston Scientific Corporation
- Healthium Medtech
- LSI Solutions, Inc.
- Medtronic, Inc.
- Origami Surgical
- Sutrue Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Apollo Endosurgery, Inc.
- Boston Scientific Corporation
- Healthium Medtech
- LSI Solutions, Inc.
- Medtronic, Inc.
- Origami Surgical
- Sutrue Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 387 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 698.7 Million |
| Forecasted Market Value ( USD | $ 970.5 Million |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
